Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]

Myanmar’s Central Bank Urges Investors to be Patient

YANGON — Myanmar’s central bank confirmed it will continue to take a measured approach to economic liberalization, despite facing criticism that the country is taking too long to unshackle its financial sector. Speaking to foreign companies, investors, government officials and others at a conference last week in the country’s capital, Naypyidaw, Set Aung, the bank’s […]